Long-Term Debt

3 Months Ended

Mar. 31, 2012

Long-Term Debt

Long-Term Debt

(4) Long-Term Debt

        Long-term debt, including unamortized discounts and premiums, is as follows:

			Successor
	Interest Rates	Maturities	March 31, 2012			December 31, 2011
			(Dollars in millions)
Qwest Communications International Inc.
Senior notes	7.125% - 8.000%	2014 - 2018	$	1,850			2,650
Unamortized premiums				103			117
Qwest Capital Funding
Senior notes	6.500% - 7.750%	2018 - 2031		981			981
Unamortized premiums, net				27			28
Qwest Corporation
Senior notes and debentures(1)	6.500% - 8.375%	2013 - 2051		7,829			7,829
Capital lease and other obligations	Various	Various		150			176
Unamortized premiums, net				298			320
Qwest Communications Company, LLC
Capital lease and other obligations	Various	Various		182			195
Total long-term debt				11,420			12,296
Less current maturities				(488	)		(117	)
Long-term debt, excluding current maturities			$	10,932			12,179

(1)

The $750 million of Qwest Corporation Notes due 2013 are floating rate notes, which rate is re-measured every three months. As of the most recent measurement date of March 15, 2012, the rate for these notes was 3.724%, which is not included in the range of rates stated above.

Repayments

        On March 1, 2012, QCII redeemed $800 million of its 7.50% Notes due February 15, 2014, which resulted in an immaterial gain.

Covenants

        As of the successor date of March 31, 2012, we believe we were in compliance with the provisions and covenants of our debt agreements.

Other

        See Note 11—Subsequent Events for other recent transactions affecting our long-term debt.